vs
Side-by-side financial comparison of Armada Hoffler Properties, Inc. (AHH) and JFrog Ltd (FROG). Click either name above to swap in a different company.
JFrog Ltd is the larger business by last-quarter revenue ($145.3M vs $75.6M, roughly 1.9× Armada Hoffler Properties, Inc.). Armada Hoffler Properties, Inc. runs the higher net margin — 3.1% vs -10.5%, a 13.6% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 0.8%). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs -22.8%).
Armada Hoffler Properties, Inc. is a publicly traded U.S. real estate investment trust operating across the Mid-Atlantic and Southeast regions. It develops, owns, and manages a diversified portfolio of office, retail, and multifamily residential properties, and also offers construction and development services for third-party clients.
JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.
AHH vs FROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.6M | $145.3M |
| Net Profit | $2.4M | $-15.2M |
| Gross Margin | — | 77.9% |
| Operating Margin | 31.0% | -14.7% |
| Net Margin | 3.1% | -10.5% |
| Revenue YoY | 0.8% | 25.2% |
| Net Profit YoY | -89.8% | 34.4% |
| EPS (diluted) | $0.00 | $-0.13 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $75.6M | $145.3M | ||
| Q3 25 | $72.7M | $136.9M | ||
| Q2 25 | $69.1M | $127.2M | ||
| Q1 25 | $67.8M | $122.4M | ||
| Q4 24 | $75.0M | $116.1M | ||
| Q3 24 | $114.4M | $109.1M | ||
| Q2 24 | $116.8M | $103.0M | ||
| Q1 24 | $127.0M | $100.3M |
| Q4 25 | $2.4M | $-15.2M | ||
| Q3 25 | $80.0K | $-16.4M | ||
| Q2 25 | $5.9M | $-21.7M | ||
| Q1 25 | $-2.8M | $-18.5M | ||
| Q4 24 | $23.4M | $-23.2M | ||
| Q3 24 | $-5.0M | $-22.9M | ||
| Q2 24 | $3.2M | $-14.3M | ||
| Q1 24 | $14.1M | $-8.8M |
| Q4 25 | — | 77.9% | ||
| Q3 25 | — | 77.4% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 75.3% | ||
| Q4 24 | — | 75.4% | ||
| Q3 24 | 45.0% | 75.0% | ||
| Q2 24 | 41.8% | 78.8% | ||
| Q1 24 | 37.9% | 79.5% |
| Q4 25 | 31.0% | -14.7% | ||
| Q3 25 | 29.2% | -15.8% | ||
| Q2 25 | 29.6% | -20.4% | ||
| Q1 25 | 23.2% | -18.8% | ||
| Q4 24 | 50.1% | -21.9% | ||
| Q3 24 | 19.0% | -27.4% | ||
| Q2 24 | 11.9% | -18.6% | ||
| Q1 24 | 15.1% | -16.6% |
| Q4 25 | 3.1% | -10.5% | ||
| Q3 25 | 0.1% | -12.0% | ||
| Q2 25 | 8.6% | -17.0% | ||
| Q1 25 | -4.1% | -15.1% | ||
| Q4 24 | 31.2% | -20.0% | ||
| Q3 24 | -4.4% | -21.0% | ||
| Q2 24 | 2.7% | -13.9% | ||
| Q1 24 | 11.1% | -8.8% |
| Q4 25 | $0.00 | $-0.13 | ||
| Q3 25 | $-0.04 | $-0.14 | ||
| Q2 25 | $0.04 | $-0.19 | ||
| Q1 25 | $-0.07 | $-0.16 | ||
| Q4 24 | $0.28 | $-0.21 | ||
| Q3 24 | $-0.11 | $-0.21 | ||
| Q2 24 | $0.00 | $-0.13 | ||
| Q1 24 | $0.17 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $49.1M | $704.4M |
| Total DebtLower is stronger | $1.5B | — |
| Stockholders' EquityBook value | $627.8M | $887.4M |
| Total Assets | $2.6B | $1.3B |
| Debt / EquityLower = less leverage | 2.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.1M | $704.4M | ||
| Q3 25 | $46.5M | $651.1M | ||
| Q2 25 | $52.1M | $611.7M | ||
| Q1 25 | $45.7M | $563.5M | ||
| Q4 24 | $31.9M | $522.0M | ||
| Q3 24 | $43.9M | $467.8M | ||
| Q2 24 | $20.3M | $591.3M | ||
| Q1 24 | $41.9M | $579.6M |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $627.8M | $887.4M | ||
| Q3 25 | $638.8M | $859.4M | ||
| Q2 25 | $652.0M | $826.5M | ||
| Q1 25 | $657.4M | $800.0M | ||
| Q4 24 | $670.6M | $773.5M | ||
| Q3 24 | $663.9M | $756.2M | ||
| Q2 24 | $562.7M | $721.4M | ||
| Q1 24 | $571.4M | $707.8M |
| Q4 25 | $2.6B | $1.3B | ||
| Q3 25 | $2.6B | $1.3B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.5B | $1.2B | ||
| Q4 24 | $2.5B | $1.1B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $2.6B | $1.0B | ||
| Q1 24 | $2.6B | $997.1M |
| Q4 25 | 2.43× | — | ||
| Q3 25 | 2.33× | — | ||
| Q2 25 | 2.22× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 1.93× | — | ||
| Q3 24 | 2.00× | — | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 2.50× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $64.2M | $50.7M |
| Free Cash FlowOCF − Capex | — | $49.9M |
| FCF MarginFCF / Revenue | — | 34.3% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | 26.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $142.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.2M | $50.7M | ||
| Q3 25 | $26.3M | $30.2M | ||
| Q2 25 | $11.1M | $36.1M | ||
| Q1 25 | $107.0K | $28.8M | ||
| Q4 24 | $112.0M | $49.1M | ||
| Q3 24 | $27.3M | $27.6M | ||
| Q2 24 | $17.4M | $16.7M | ||
| Q1 24 | $46.5M | $17.5M |
| Q4 25 | — | $49.9M | ||
| Q3 25 | — | $28.8M | ||
| Q2 25 | — | $35.5M | ||
| Q1 25 | — | $28.1M | ||
| Q4 24 | — | $48.5M | ||
| Q3 24 | — | $26.7M | ||
| Q2 24 | — | $16.0M | ||
| Q1 24 | — | $16.6M |
| Q4 25 | — | 34.3% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 27.9% | ||
| Q1 25 | — | 23.0% | ||
| Q4 24 | — | 41.8% | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | — | 15.5% | ||
| Q1 24 | — | 16.6% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | 26.99× | — | ||
| Q3 25 | 328.63× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.78× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.48× | — | ||
| Q1 24 | 3.30× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AHH
| Office Real Estate Segment | $28.8M | 38% |
| Retail Real Estate Segment | $25.4M | 34% |
| Multifamily Residential Real Estate | $17.7M | 23% |
| Real Estate Financing Segment | $3.6M | 5% |
FROG
Segment breakdown not available.
